Why a loan should be taken
The reasons why a loan should be taken are quite varied. As a rule, acquisitions are to be made that are already planned longer or represent a heart’s desire. On the other hand, the assumption of a loan is envisaged even if there are debts and these are to be compensated with the help of the loan. But how can a loan be taken despite debt? And what aspects have to be taken into account so that the financing is secure, despite the preloading?
Debit interest rate of 4.83% – 15.49% (depending on creditworthiness) fixed for the entire term, effective annual interest rate: 4.90% up to a maximum of 15.99%, net loan amount: 1,000 – 100,000 euros, contract period: 12 – 120 months. Representative example: borrowing rate fixed at 7.98% for the entire period, effective annual interest rate: 8,29%, net loan amount: 10,000 euro, contract period: 72 months, monthly installment: 175,29 euro, total interest cost: 2620,68 euro, total repayment ( including all fees): 12.620,68 Euro.
Debt is not a trivial offense
Almost one in ten adults is considered over-indebted in Germany. An alarming number, which is growing steadily and, above all, makes our consumer behavior in no good light. Because this is often responsible for over-indebtedness.
Many consumers accumulate open liabilities over many years and push them away until nothing works. And that despite the knowledge that debts are no trivial offense and therefore not easy to dissolve again. The banks and savings banks in our country are therefore also very cautious when it comes to the award of a loan despite debt. You know very well that most consumers have no chance to settle their outstanding debts with the help of a loan. Therefore, many offers for a loan despite debts not come from traditional banks, but from private investors and foreign banks.
Not all providers are serious
On the way to the credit despite debts one must find sometimes quite painfully that not every offer around the credit is serious. And that despite careful examination. Often, the interest rates are very high, which are charged for a corresponding loan offer. Some agents even require a prepayment, which is often even well camouflaged. It represents the tip of the iceberg of small scams. As a loan seeker, you should always ask yourself whether the loan is absolutely necessary despite debt. If this question is answered in the affirmative, the loan offer must be selected with great care.
This one recognizes serious offers for the loan despite debt:
Loans despite a debt mountain are usually awarded without the query of credit bureau. This shows the debt on preventing the loan. A good loan offer in this area comes with a fair effective interest rate, does not require any advance payment and only offers small loan amounts. In addition, a fixed income is always required and the borrower must agree to raise collateral outside the credit bureau. In this context, guarantors or a second borrower are welcome.
Not always a loan is useful despite debts
A loan is worthwhile only if the debts are still manageable, a fixed income exists and a good loan offer is found. Emergency solutions should definitely not be taken, as these only exacerbate the situation. If the debt is already so high that a loan is no longer recommendable, a debt counseling should be consulted, which can show a way out of the current situation.